Trade
China says it ‘drove away’ U.S. destroyer near the disputed Scarborough Shoal
The 46th fleet of the Chinese People’s Liberation Army Navy sets sail from a military port in Zhanjiang, south China’s Guangdong Province, Feb. 21, 2024. Xinhua News Agency | Xinhua News Agency | Getty Images China said Wednesday it warned and “drove away” a U.S. destroyer that had sailed near the coast of the disputed […]
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Trump tells Goldman Sachs CEO David Solomon to replace economist over tariff predictions
FILE PHOTO: DJ D-SOL performs during the ‘Safe & Sound’ Drive-In Concert Fundraiser Presented by JAJA Tequila and In The Know Experiences In Partnership with Bumble at Nova’s Ark Project on July 25, 2020 in Water Mill, New York. Kevin Mazur | Getty Images President Donald Trump on Tuesday said that Goldman Sachs CEO David […]
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U.S.-China tariff truce: These are the big sticking points in deal talks
The U.S. and China agreed to extend the tariff truce for another 90 days — major sticking points are holding up a deal, and both sides are planning a leaders’ summit later this year to break the impasse. Hours before the higher tariffs were set to kick in, the two countries on Monday announced the […]
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Spain treads a risky path by standing up to Trump on defense and China
The President of the Government, Pedro Sanchez, gives a press conference, after a meeting with King Felipe VI, at the Marivent Palace, on 29 July, 2025 in Palma de Mallorca, Balearic Islands, Spain. Europa Press News | Europa Press | Getty Images Spain’s somewhat unique approach to defense and foreign policy is fueling tensions with […]
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CNBC Daily Open: Investors seem conditioned to expect Trump reversals
US President Donald Trump speaks during a news conference to discuss crime in Washington, DC, in the Brady Press Briefing Room at the White House in Washington, DC, on August 11, 2025. Jim Watson | AFP | Getty Images The heaviest of U.S. President Donald Trump’s “reciprocal” tariffs — a full 145% on imports of […]
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Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Florence Lo | Reuters Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with […]
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China wants US to relax AI chip-export controls for trade deal, FT reports
A SK Hynix Inc. 12-layer HBM3E memory chip displayed at the Semiconductor Exhibition in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, […]
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‘Loud luxury’ is back as high-end brands look to rebound
A guest wears red knitted Gucci x Adidas sweater, outside Bluemarble, during the Menswear Spring/Summer 2026 show as part of Paris Fashion Week on June 26, 2025 in Paris, France. Claudio Lavenia | Getty Images “Loud luxury” is poised for a comeback as ailing fashion houses attempt to inject a sense of newness and novelty […]
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Singapore at 60: The successful city-state has big tests ahead — here’s what’s next
When Singapore gained independence in 1965 after its separation from Malaysia, few expected the small city-state — which turns 60 on Saturday — to survive. But in the decades since, the country of just 735 square kilometers — smaller than New York City — has transformed itself into one that regularly tops rankings for education […]
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Switzerland will pursue further talks with US over crippling tariffs
President of the Swiss Confederation, Karin Keller-Sutter (R) and Swiss Economy Minister Guy Parmelin depart at the Department of State after a meeting with US Secretary of State Marco Rubio, in Washington, DC on August 6, 2025. Drew Angerer | Afp | Getty Images Switzerland will continue talks with the United States, its president said […]
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